WESTLAKE VILLAGE, Calif. — LTC Properties has completed the acquisition of two seniors housing communities located in Kentucky. An undisclosed seller sold the properties for $40 million. Opened in 2023, the properties together total 158 units and feature assisted living and memory care residences. Charter Senior Living manages the communities. California-based LTC plans to execute an additional $195 million in seniors housing operating portfolio (SHOP) acquisitions by mid-October 2025 and an additional $90 million by the end of the year.
MINNEAPOLIS — Oppidan Investment Co. has sold a senior living community located in Minneapolis for $140 million, according to a recently published certificate of real estate value. Ventas, doing business as VLSHRE PILLARS LLC, was the buyer. Oppidan originally opened the community, The Pillars of Prospect Park, in May 2020. Situated with proximity to the University of Minnesota campus, the property totals 283 apartments, including 133 independent living, 106 assisted living and 44 memory care units. Amenities at the community include an onsite bistro, salon spa, chapel, fitness center, golf simulator …
DALLAS — Clearwater Living has added a newly developed senior living community located in Dallas to its management portfolio. Totaling 121 apartments, the property offers independent living, assisted living and memory care options. Residences include studio, one- and two-bedroom units. Formerly known as Anthology of Highland Park, the community will now be operated as Clearwater Highland Park. Amenities at the property include a fitness center, salon, theater, creative studio, landscaped terraces, indoor and outdoor gathering spaces and access to physical, occupational and speech therapies. Clearwater’s portfolio now totals 16 communities across …
By Hayden Spiess ATLANTA — The seniors housing sector has not always been the apple of commercial real estate (CRE) capital’s eye. Industry professionals say that this is no longer the case and that a confluence of factors is driving strong investment activity in the sector. “Nationally, this asset class is the darling with respect to CRE,” asserts Michael Bowden, senior vice president of investments with LTC Properties. “It wasn’t, as we know, for a long time. So that’s a new shift, which is super cool for all of us.” Courtney …
PINE ISLAND, Minn. — Senior Living Investment Brokerage (SLIB) has arranged the sale of two seniors housing communities located in Pine Island. A regional operator acquired both properties, which include Pine Haven and Evergreen Place Assisted Living. Pine Haven, which was originally constructed in 1964 and renovated in 2016, is a 70-bed skilled nursing facility. Featuring 24 assisted living units, Evergreen Place was built in 1995 and is connected to Pine Haven. The USDA sold Pine Haven, and the seller of Evergreen Place was the City of Pine Island. Jake Anderson, …
AUSTIN, Texas — Berkadia has brokered the sale of Village on the Park Onion Creek, a 124-unit independent and assisted living facility located in South Austin. A publicly traded REIT acquired the property for an undisclosed price. Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia Seniors Housing & Healthcare arranged the sale on behalf of the seller, Bridgewood Property Co., the original developer. Bridgewood’s wholly owned management company, The Aspenwood Co., will continue to operate the property on behalf of the new owner.
NAPLES, Fla. — Senior living operator, developer and investor Distinctive Living has acquired ownership of Seascape at Naples, a community located in Naples, in a joint venture with an undisclosed global investment firm. Totaling 198 units, Seascape at Naples features independent living, assisted living and memory care residences. Amenities at the property, which Distinctive Living manages, include a heated pool, bistro, salon, spa, fitness center, outdoor courtyard and walking paths. According to the company, having partial ownership will allow Distinctive Living to fully integrate its proprietary operation solutions. “Seascape at Naples …
MANSFIELD, Texas — Sonida Senior Living has completed the acquisition of a 98-unit community located in Mansfield. Sonida purchased the property for $15.6 million, funding the transaction with cash on hand and proceeds from its senior secured revolving credit facility. Built in 2016, the property features 62 assisted living and 36 memory care residences and is situated directly across form a 294-bed hospital. Sonida plans to complete aesthetic improvements to common areas and amenity spaces over the next year. This acquisition brings Sonida’s total Texas portfolio to 21 properties.
CHICAGO — Blueprint has brokered the sale of a 469-bed skilled nursing portfolio located in Texas. The portfolio, which comprises five facilities, was 71 percent occupied at the time of sale. An established skilled nursing owner and operator acquired the portfolio for an undisclosed price. Amy Sitzman and Giancarlo Riso of Chicago-based Blueprint arranged the sale on behalf of the seller.
LOS ANGELES — Northmarq’s West Village and Los Angeles investment sales teams have completed the sale of a three-property portfolio totaling 579 units in Los Angeles and Orange counties. Included in the sale were The Piedmont, a 198-unit mixed-income luxury seniors community in the North Hollywood neighborhood of Los Angeles and Burbank Senior Artists’ Colony, a 141-unit property in Burbank. The Piedmont sold for $45 million, while Burbank Seniors Artists’ Colony sold for $31.5 million. The price of the third property, Coventry Court in the Orange County community of Tustin, …